Examlex
Draw a Venn diagram to represent the given information.
-In a freshman class of 50 students, 30 students are taking math, 24 students are taking
history, and 15 students are taking both math and history.
Active Approach
A strategy where decisions are made through direct involvement and proactive measures, often in context to investment and management.
Potential Output
The highest level of economic output an economy can sustain over the long term without increasing inflation, determined by available resources and technology.
Aggregate Demand
The sum total of desires for products and services within an economic entity, marked at a specific price level through a chosen timeframe.
Expansionary Gap
Occurs when an economy's actual output is higher than the potential output, often leading to higher inflation.
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